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Ghoest
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Posted - 2011.05.10 19:06:00 -
[61]
 Originally by: Claire Voyant
Edited by: Claire Voyant on 10/05/2011 19:02:32
Originally by: Ghoest
Originally by: Claire Voyant
But on the other hand, central banks (in theory) have to balance their books.
Did you look at my link?
Yes, and I have even looked at the Federal Reserve's Balance sheet. I can assure you it balances.
Edit: N.B. Balancing the books is not the same as balancing the budget.
Just go away, now you making stuff up. Im done talking to you.
Wherever you went - Here you are.
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Claire Voyant
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Posted - 2011.05.10 19:24:00 -
[62]
Originally by: Ghoest
now you making stuff up
Thanks for the laugh. You have made my day.
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Tehg Rhind
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Posted - 2011.05.10 19:36:00 -
[63]
@Claire
ok I see what you mean. When CCP does an expansion that temporarilly and dramitically changes the isk/asset flows (and not as an intended consequence like the anom nerf) they may use plex manipulation as a temporary measure to stabilize the markets. The sp/skillbook example is the only one I can think of at the moment....would the initial days of incursion also be one (as massive amounts of assets were destroyed before people could figure it out)?
Large null sec wars could also be a cause too I would guess as they would disrupt asset/isk flow, but it would have to be a massively devastating war.
Interesting.
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Claire Voyant
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Posted - 2011.05.11 11:12:00 -
[64]
Originally by: Tehg Rhind
ok I see what you mean. When CCP does an expansion that temporarilly and dramitically changes the isk/asset flows (and not as an intended consequence like the anom nerf) they may use plex manipulation as a temporary measure to stabilize the markets. The sp/skillbook example is the only one I can think of at the moment....would the initial days of incursion also be one (as massive amounts of assets were destroyed before people could figure it out)?
Large null sec wars could also be a cause too I would guess as they would disrupt asset/isk flow, but it would have to be a massively devastating war.
After unholy rage when there was a mass banning of RMTers there was a sudden increase in the price of trit. CCP responded by changing the respawn rate of veldspar to compensate. The DID NOT dump trit on the market (as far as we know.) That would be something else entirely.
Also, I can't really imagine them doing anything on the market in response to a player created war no matter how massive, but let's play out that scenario. Suppose the Goons turn on their latest allies and there is a massive bloodletting in the North that spills over to all of nullsec. Let's say some null sec alliances need to dig deep into their RL wallets in order to survive and flood the market with PLEX, crashing the market to levels never seen before (e.g. under 200.) Would Dr. E intervene to stabilize PLEX? I think not, but it is an interesting question. I think this fits under the rubric "player actions should have consequences" but you never know what CCP will do.
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Shira Elan
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Posted - 2011.05.12 02:18:00 -
[65]
Originally by: Ghoest
Originally by: Claire Voyant
Edited by: Claire Voyant on 10/05/2011 19:02:32
Originally by: Ghoest
Originally by: Claire Voyant
But on the other hand, central banks (in theory) have to balance their books.
Did you look at my link?
Yes, and I have even looked at the Federal Reserve's Balance sheet. I can assure you it balances.
Edit: N.B. Balancing the books is not the same as balancing the budget.
Just go away, now you making stuff up. Im done talking to you.
Balance sheets balancing is a truism....they balance by definition.
Also, if you can print money it certainly makes it a lot easier to remain "profitable."
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Claire Voyant
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Posted - 2011.05.12 13:05:00 -
[66]
Originally by: Shira Elan
Balance sheets balancing is a truism....they balance by definition.
Also, if you can print money it certainly makes it a lot easier to remain "profitable."
This was the full original quote:
Originally by: Claire Voyant
But on the other hand, central banks (in theory) have to balance their books. That would set them aside from every NPC in the game who can simply print money every time you run a mission for them.
NPC books don't balance, not in any sense of the word, so this is hardly a truism.
Open your wallet in Eve. There you will find a number that is your wallet balance. As far as anyone can tell, NPCs don't even have a wallet balance because if they did, they would run out of isk at some point. Every time you run a mission or kill a rat, some NPC corp is "printing" money. It doesn't come from anywhere. It is simply created.
An Eve central bank, on the other hand, would most likely be a "player" account of some kind and would have to follow the same basic accounting rules players do. In other words, it will have a wallet, wallet transactions, and a wallet balance. When it is created it will probably be given a certain amount of isk which would be its initial capital. When it buys PLEX off the market the isk it spends will come out of its wallet. When it sells the PLEX the isk will go back in the wallet.
You may wish to argue this point, but it is simply the most obvious implementation of what Dr. E proposed. He wants to create an entity that is under his personal control and not a robotic monster programmed by the devs so this is the only way it makes sense.
This was the point I was making. I'm not sure what your point is.
For the record, every week the Federal Reserve Bank publishes its balance sheet which includes the amount of currency (Federal Reserve notes) in circulation and the amount of deposits held by the Fed listed as its liabilities. And yes, their balance sheet balances because they are bankers at heart and you would know if you ever worked at a bank that you don't go home at the end of the day until everything balances.
But balancing the books is hardly a truism. Yes, modern computerized bookkeeping systems enforce a certain internal consistency but that doesn't mean that Quickbooks will always agree with your bank statement. The concept of balancing stems from double-entry bookkeeping which didn't even exist until the 1400's and wasn't widely used until much later. Most small businesses and non-profits did their accounting by hand until the 1980's and balancing the books was not a trivial process in those days.
However, it is a truism that if you don't produce a balance sheet, you don't know if your books are in balance. Yet, the funny thing is I have never seen a balance sheet from from an IPO in Eve. I have seen financial reports presented to the boards of small non-profits that didn't include a balance sheet. I was invited to join the audit committee of a church and when I asked to see the balance sheet they looked at me like I had three heads. Do you think the central bank of Libya or any other third world dictatorship produces a balance sheet?
Also, if you knew anything about accounting you would know that when you print money and then keep it on your books as a liability it doesn't make you any more profitable.
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Steve Thomas
Minmatar
Sebiestor Tribe
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Posted - 2011.05.12 17:43:00 -
[67]
Originally by: Akita T
Edited by: Akita T on 09/05/2011 07:29:55
Originally by: Ghoest
If anything, CCP might be regarding the current price a tad bit too high (reducing the incentive to RMT, but also reducing the number of PLEX-supported subs), in which case, the stabilizing effect would be achieved by BUYING ISK AND SELLING PLEX, which is basically the same as taking in the Monopoly money you have yourself printed and paying out real cash, which they should want to avoid as much as humanly possible.
this
to put it bluntly there so many other real world efects that handing out plex would have on there bottom line that, Frankly, I was shocked to find out after they announced the plex for subs thing earlyer that the next announcment about CCP did not come from the investors thanking the head of CCP for his years of dedicated work.
Then I realised that the developers are just hopeing that they can pad there sub numbers.
.End of line.
If your too paranoid to play EvE. . .
...then your not paranoid enough to play EvE
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Ghoest
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Posted - 2011.06.29 16:30:00 -
[68]
Are you starting to believe?
Wherever you went - Here you are.
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.06.29 16:32:00 -
[69]
Originally by: Ghoest
Are you starting to believe?
Seriously...
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Make ISK||Build||React||1k papercuts
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Vaylent PrinterOne
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Posted - 2011.06.29 17:32:00 -
[70]
Plex doesn't CREATE isk, it merely transfers it from one player to another. That's not really inflation, though it would be wrong to say it has no effect.
Things that create Isk from essentially nothing
Incursion payouts
Bounty payouts
Mission payouts
Insurance payouts
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Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.06.29 18:53:00 -
[71]
Originally by: Vaylent PrinterOne
Plex doesn't CREATE isk
Unless CCP would have put up NPC buy orders for PLEX, in which case it does.
And that's the preferred conspiracy theory for Ghoest (with regards to this thread).
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Make ISK||Build||React||1k papercuts
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